Collective reputation, social norms, and participation
This paper analyzes a repeated games model of collective reputation with imperfect public monitoring and perfect local peer monitoring of efforts. Even when peer monitoring is local, firms may achieve higher profits under collective reputation by decreasing the cost of maintaining customers' trust....
| Autor principal: | |
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| Formato: | Journal Article |
| Lenguaje: | Inglés |
| Publicado: |
Wiley
2012
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| Materias: | |
| Acceso en línea: | https://hdl.handle.net/10568/153065 |
| _version_ | 1855534946459844608 |
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| author | Saak, Alexander E. |
| author_browse | Saak, Alexander E. |
| author_facet | Saak, Alexander E. |
| author_sort | Saak, Alexander E. |
| collection | Repository of Agricultural Research Outputs (CGSpace) |
| description | This paper analyzes a repeated games model of collective reputation with imperfect public monitoring and perfect local peer monitoring of efforts. Even when peer monitoring is local, firms may achieve higher profits under collective reputation by decreasing the cost of maintaining customers' trust. The optimal number of firms that share a common reputation is greater when (1) trades are more frequent and public information is disseminated more rapidly, (2) the deviation gain is smaller compared to the quality premium, (3) customers' information regarding firms' quality is more precise, or (4) intragroup information about firms' quality is more global. From a positive perspective, we suggest how social norms can influence the reputation of regional products. We also offer an efficiency explanation for food scares. From a normative point of view, in our model, protection of geographical indications increases and mandatory traceability decreases welfare and incentives to provide quality without taking into account direct implementation costs. |
| format | Journal Article |
| id | CGSpace153065 |
| institution | CGIAR Consortium |
| language | Inglés |
| publishDate | 2012 |
| publishDateRange | 2012 |
| publishDateSort | 2012 |
| publisher | Wiley |
| publisherStr | Wiley |
| record_format | dspace |
| spelling | CGSpace1530652024-11-15T08:52:55Z Collective reputation, social norms, and participation Saak, Alexander E. collective action monitoring This paper analyzes a repeated games model of collective reputation with imperfect public monitoring and perfect local peer monitoring of efforts. Even when peer monitoring is local, firms may achieve higher profits under collective reputation by decreasing the cost of maintaining customers' trust. The optimal number of firms that share a common reputation is greater when (1) trades are more frequent and public information is disseminated more rapidly, (2) the deviation gain is smaller compared to the quality premium, (3) customers' information regarding firms' quality is more precise, or (4) intragroup information about firms' quality is more global. From a positive perspective, we suggest how social norms can influence the reputation of regional products. We also offer an efficiency explanation for food scares. From a normative point of view, in our model, protection of geographical indications increases and mandatory traceability decreases welfare and incentives to provide quality without taking into account direct implementation costs. 2012-04 2024-10-01T13:55:35Z 2024-10-01T13:55:35Z Journal Article https://hdl.handle.net/10568/153065 en Limited Access Wiley Saak, Alexander E. 2012. Collective reputation, social norms, and participation. American Journal of Agricultural Economics 94(3): 763-785 |
| spellingShingle | collective action monitoring Saak, Alexander E. Collective reputation, social norms, and participation |
| title | Collective reputation, social norms, and participation |
| title_full | Collective reputation, social norms, and participation |
| title_fullStr | Collective reputation, social norms, and participation |
| title_full_unstemmed | Collective reputation, social norms, and participation |
| title_short | Collective reputation, social norms, and participation |
| title_sort | collective reputation social norms and participation |
| topic | collective action monitoring |
| url | https://hdl.handle.net/10568/153065 |
| work_keys_str_mv | AT saakalexandere collectivereputationsocialnormsandparticipation |